A new research report presents an overall analysis of India’s construction chemicals market. This report depicts every detail related to the market and the dynamics impacting revenue growth. India is progressing rapidly in every industry sector. With rapid advancements taking place in every sphere, on exponential growth is foreseen in India’s construction and construction chemicals market. This research report is titled ‚Construction Chemicals Market: India Industry Analysis 2012 – 2016 and Forecast 2017 – 2025‘ CAGR of 13.7 % during the forecast period.
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Companies Targeting Admixtures and Plasticizers to Experience a Better and More Lucrative Future
The Indian construction chemicals market is dominated by the ‚four brothers‘, ie BASF India Limited, SIKA India Private Ltd., Fosroc Chemicals India Pty. Ltd, and Pidilite Industries Limited, which together contribute around 30% -80% of the market revenue. Among these companies, US $ 840 million in 2016. There are other companies too, which are vigorously expanding into India’s construction chemicals market, with concrete admixtures emerging as the most preferred product type. The research report suggests that the company’s capitalization on concrete admixtures has a positive growth trajectory as that particular product is expected to hold a market value of over US $ 1,200 million by the end of 2025. However, in terms of growth rate,
Key Players Focusing on Expanding Their Capacity and Product Line Globally
Several companies are aiming at expanding their manufacturing capacity in different parts of India. This will also allow them to capture and enhance their brand identity. These companies were seen inaugurating their 3rd or 4th office in various parts of India during the past few years. Their products are designed to make life easier and more efficient and require less maintenance. This is also the assisting market to meet the rising demand for construction chemicals and the supply chain in India.
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Expansion and innovation has therefore given rise to the adoption of eco-friendly and cost-effective products. Latest market trends suggesting that they are introducing new and innovative products in the marketplace. Major focus is on service-life performance of protective coatings, introduction of multipurpose and hybrid coatings and eco-friendly advanced products such as nano-coatings, green coatings, etc. This shift is expected to create a profitable impact on the market and so open new vistas for companies in the construction chemicals market in India.
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